Wednesday, February 25, 2009

Give eBay a Kick in the Pants

Rick Aristotle Munarriz
February 18, 2009

We're two months away from eBay's (Nasdaq: EBAY) annual shareholder
meeting, but you know it's going to be a doozy.

Things may be humming along relatively well at some of the company's
appendages, like PayPal and Skype, but the namesake site is a mess.

Folks have been complaining about the flagship auction site for
years. I've been covering eBay since the 1990s, and it's rare to put
out an article and not have a faction of disgruntled sellers -- or ex-
Power Sellers -- chime in with complaints.

Scorched earth has never been much of a problem at eBay. If it lost a
frustrated quilt maker in Des Moines, it would pick up a baseball
card trader in Austin and a CD reseller in Munich. Growth was on
cruise control, despite the potholes.

It's a different world these days:

eBay's marketplace revenue fell by a sharp 16% this past quarter,
during the same holiday quarter that found's (Nasdaq:
AMZN) growth soaring.

See entire article at:

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